top of page

Frequently Asked Questions

Do I qualify?

To qualify for one of our programs, you must have a personal FICO credit score of over 535. Your business must be over six months old, and you need to average a minimum of $10,000 in gross monthly revenue for the last three months.

What determines my rate?

Each application is considered based on your bank transactions, cash flow, and partially on your credit. Your actual rate is calculated based on our proprietary algorithm which takes into consideration several factors.

How do I pay back?

There are multiple options. Depending on your preferences, business type and setup, you can choose between: daily, weekly and monthly ACH payment options, lock box or credit card split payments.

Do I need any collateral?

You do not need to provide any collateral when applying through WeAdvanceNow. We simply consider your business’ overall performance and cash flow. Our goal is to make the funding experience as seamless as possible and to build long standing relationships with the companies we fund.

What is the term I can get the money for?

Depending on your eligibility, you will be able to keep the funds up to 24 months.

How fast can I receive the funds?

Thanks to our quick and fully automated process, you are able to sign the contract and get funded as soon as the same day you apply. Based on our previous customers’ experience, the funds will reach your account within 24 hours.

bottom of page